Holiday Spending

The Holidays are once again upon us.  Black Friday has come and gone and many business owners are in full-on “get through the holidays” mode.  With millions of Americans hitting the street and the computer looking for the perfect gifts for loved ones,...

Durbin Amendment: 1 Month Later

This week marks the first time business owners will receive their credit card processing statements and have something new to look at in a long time.  For some, the October 2011 processing statement will reveal vast savings passed through from the Durbin Amendment...

What does Durbin mean for you?

In the beginning of October the Durbin Amendment affecting debit card rates went into effect.  The Durbin Amendment was a much debated topic in the merchant processing space over the past year or so as there was a lot of speculation that it would hurt banks, which...

Understanding Merchant Accounts

A merchant account is something that is necessary if a business wishes to accept credit and debit card payments from its customers. When a customer makes a transaction using a non-cash method, the proceeds are sent to a merchant processor. Each day, the credit card...